B&C Speakers S.p.A. (BEC) AI Stock Analysis

• Market Cap: €179.16M
• Dividend Yield: 6.21%
• Average Volume (3M): 14.86K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.09
• Revenue Growth: 9.27%
• EPS Growth: 38.02%
• Country: IT
• Employees: 344
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Consumer Electronics
• EPS (TTM): 0.34
• Shares Outstanding: 11,000,000
• 10 Day Avg. Volume: 8,836
• 30 Day Avg. Volume: 14,855
• PEG Ratio: 0.08
• Price to Book (P/B): 3.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 153.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €19.00
• Price Target Upside: 15.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: €19.50 ▲(18.90%Upside)

The strong financial performance and attractive valuation are the primary drivers of the overall score. The stock's bullish technical indicators also contribute positively, though overbought signals suggest caution. Absence of earnings call data and corporate events limit the analysis.

B&C Speakers S.p.A. Business Overview & Revenue Model

Company Description

B&C Speakers S.p.A. (BEC) is a leading Italian company engaged in the design, production, and distribution of professional loudspeakers. Operating primarily in the professional audio sector, the company offers a wide range of high-performance audio components, including woofers, coaxial speakers, and compression drivers, which are utilized in various applications such as concerts, theaters, and broadcasting systems.

How the Company Makes Money

B&C Speakers S.p.A. generates revenue through the sale of its high-quality loudspeaker products to original equipment manufacturers (OEMs) and distributors worldwide. The company's key revenue streams include direct sales of its audio components to professional audio equipment manufacturers and indirect sales through a network of distributors that serve various global markets. B&C Speakers' earnings are significantly influenced by its strong brand reputation, robust distribution channels, and strategic partnerships with leading audio equipment producers. Additionally, the company invests in research and development to ensure its products remain at the forefront of audio technology, thereby enhancing its competitive edge and market share in the professional audio sector.

B&C Speakers S.p.A. Financial Statement Overview

Summary

B&C Speakers S.p.A. demonstrates strong financial performance with consistent revenue growth, stable gross profit margins, and significant improvement in net profit margin. The balance sheet is healthy with better leverage management, though total liabilities remain a concern. Robust cash flow management indicates effective capital expenditure and operational cash flow handling.

Income Statement

B&C Speakers S.p.A. demonstrates strong financial performance with consistent revenue growth, as evidenced by a revenue increase from €46.0 million in 2021 to €100.4 million in 2024. Gross profit margins have been stable, reflecting efficient cost management. The net profit margin improved significantly from 10.8% in 2019 to 17.7% in 2024, highlighting enhanced profitability. However, a decrease in EBIT from 2023 to 2024 indicates a need for improved operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a stable equity position, as seen in the equity increase from €28.4 million in 2021 to €55.2 million in 2024. The debt-to-equity ratio decreased, indicating better leverage management. However, total liabilities remain significant, which could pose a risk if not managed carefully. A strong equity ratio underscores a solid financial foundation.

Cash Flow

B&C Speakers S.p.A. exhibits robust cash flow management, with free cash flow showing a growth from €1.3 million in 2021 to €10.4 million in 2024, highlighting effective capital expenditure and operational cash flow management. The operating cash flow to net income ratio remains strong, indicating efficient cash generation relative to net income. Despite some fluctuations in investing cash flows, overall cash flow health is commendable.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
97.28M	100.37M	94.02M	82.41M	46.04M	32.52M
	Gross Profit
36.42M	37.07M	34.73M	30.18M	16.89M	12.12M
	EBIT
19.33M	19.07M	21.44M	18.24M	6.60M	2.89M
	EBITDA
23.30M	22.61M	21.94M	19.10M	8.92M	4.66M
	Net Income Common Stockholders
17.61M	17.80M	13.99M	12.24M	4.97M	1.92M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.39M	16.60M	21.59M	14.40M	18.90M	21.46M
	Total Assets
89.87M	87.26M	86.35M	80.01M	63.76M	52.96M
	Total Debt
19.20M	17.52M	22.24M	23.81M	22.82M	20.87M
	Net Debt
8.83M	8.21M	7.63M	17.99M	14.74M	7.45M
	Total Liabilities
39.58M	32.07M	40.14M	43.32M	35.39M	26.75M
	Stockholders Equity
50.30M	55.20M	46.21M	36.69M	28.38M	26.21M
Cash Flow		Free Cash Flow
0.00	10.39M	17.04M	894.09K	1.27M	6.72M
	Operating Cash Flow
0.00	12.97M	18.34M	1.78M	1.87M	7.18M
	Investing Cash Flow
0.00	-2.42M	-434.04K	-17.48K	-3.15M	-452.38K
	Financing Cash Flow
0.00	-15.74M	-11.35M	-4.49M	-4.06M	1.72M

B&C Speakers S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BEC, the sentiment is Positive. The current price of 16.4 is above the 20-day moving average (MA) of 16.30, above the 50-day MA of 15.09, and above the 200-day MA of 14.95, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 59.79 is Neutral, neither overbought nor oversold. The STOCH value of 28.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:BEC.

B&C Speakers S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEC	80 Outperform	€179.16M	9.88	34.04%	6.21%	9.27%	38.02%
CELL	75 Outperform	€72.59M	12.40		2.92%	―	―
INDB	64 Neutral	€109.64M	9.83	8.52%	4.17%	-9.76%	4.87%
Sector *	62 Neutral	$6.90B	11.05	2.80%	4.27%	2.67%	-24.92%
GEO	44 Neutral	€115.34M	―	-38.29%	―	-7.76%	-366.10%